I came across this article today in the Wall Street Journal about how all these billionaires are all concerned about population control. Now, I have a lot of respect for Warren but this is ridiculous. Population control, really? What are they worried about, too many people that there won't be enough food, clothing, or shelter for everyone?
According to the article these guys are followers of Malthus who said, "The power of population is indefinitely greater than the power in the earth to produce subsistence for man".
I could be wrong but as I understand in a free market economy supply will always equal demand, the variable being price. So providing these liberals don't screw up the economy with all their plans for government intervention and social welfare programs then yes, there will always be enough "substance" (land, food, shelter, etc.) for everyone as price provides an incentive for producers while at the same time curbs demand.
Think of it this way, as the population grows, the demand for goods will increase and will drive up prices to levels where additional supply will be stimulated. As prices increase people will have fewer children because it will be costlier to raise their children and provide for their children. Now, if the government keeps providing handouts to everyone then there is no disincentive to have children.
In a free market economy the laws of supply and demand provide its own population control.
Tuesday, May 26, 2009
Subscribe to:
Post Comments (Atom)
Posts
0 comments:
Post a Comment